West Red Lake Gold (TSX.V: WRLG)
Reported drill results from its Madsen Mine located in the Red Lake Gold District of NW Ontario, Canada.
The drill results are focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces of gold grading 8.7 gpt.
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| West Red Lake Gold Mines | TSX.V : WRLG |
| Stage | Exploration / Development |
| Metals | Gold |
| Market cap | C$207 m @ 93 cents |
| Location | Ontario, Canada |
| Website | www.westredlakegold.com |
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West Red Lake Gold Mines Intersects 21.33 g/t Au over 3.1m and 6.75 g/t Au over 9m at South Austin Zone – Madsen Mine
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VANCOUVER, British Columbia, May 07, 2024 (GLOBE NEWSWIRE) — West Red Lake Gold Mines Ltd. (TSXV: WRLG) (OTCQB: WRLGF), (“West Red Lake Gold” or “WRLG” or the “Company”) is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.
The drill results featured in this news release are focused on the high-grade South Austin Zone.
The South Austin zone currently contains an Indicated mineral resource of 474,600 ounces (“oz”) grading 8.7 grams per tonne (“g/t”) gold (“Au”), with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au.
The purpose of the drilling reported in this news release is definition within South Austin to continue building an inventory of high-confidence ounces for eventual restart of the Madsen mill.
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HIGHLIGHTS:
- Hole MM24D-07-4198-012 Intersected 3.1m @ 21.33 g/t Au, from 83.9m to 87.0m, Including 0.5m @ 32.74 g/t Au, from 85.50m to 86.00m; also Including 1.0m @ 28.78 g/t Au, from 86.00 to 87.00m; And 1.0m @ 16.97 g/t Au, from 9.00m to 10.00m.
- Hole MM24D-07-4198-009 Intersected 9.0m @ 6.75 g/t Au, from 103.0m to 112.0m, Including 0.9m @ 27.91 g/t Au, from 104.0m to 104.9m; also Including 1.0m @ 23.47 g/t Au, from 111.00m t0 112.00m.
- Hole MM24D-07-4198-010 Intersected 2.55m @ 6.08 g/t Au, from 75.45m to 78.00m, Including 1.0m @ 11.08 g/t Au, from 76.0m to 77.0m.
- The high-grade mineralization encountered near the collar (top of hole) in Hole MM24D-07-4198-012 is believed to be the down-dip continuation of a mineralized domain defined further up in the system.
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Shane Williams, President & CEO, stated,
“We are happy to report more encouraging results out from the South Austin definition program.
“De-risking this high-priority area of the Madsen deposit will be a key component for the mine restart plan, and the team continues to execute the drill program safely and efficiently.”
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To read the full news release please click HERE
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Disclosure
At the time of writing the author holds no shares in West Red LAke Gold Mines.
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